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    287 Hwy Corsicana, TX 75110

    For Sale
    $2,800,000

    Prime 71-acre industrial tract, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 71-acre commercial land parcel presents a remarkable investment opportunity in Corsicana, Texas. Strategically located on South US Highway 287, this property boasts unparalleled visibility and accessibility, situated near the intersection with I-45. The land is zoned for industrial use and offers significant potential for a variety of commercial developments. Its prime location places it adjacent to Community National Bank and Trust, and in close proximity to the Corsicana Crossing retail development, further enhancing its value and appeal. Nearby establishments include Russell Stover Candy, Schulman's Movie and Bowling, Home Depot, Cavender's Western Wear, Collin Street Bakery, Hampton Inn, Holiday Inn Express, Navarro Clinic, Ashley Furniture, and numerous fast-food restaurants, indicating a thriving and densely populated area. The property benefits from high traffic counts, further amplified by the Texas Department of Transportation's ongoing expansion of US Highway 287 to four lanes directly in front of the property, extending to I-45. Recent infrastructure improvements include new concrete road construction on the north side of the property. This expansive tract is ideal for a distribution center, but also presents opportunities for retail, motel/hotel development, apartments, or an RV park. Surveys are available upon request. The asking price is $2,800,000, translating to approximately $39,436.62 per acre. The property's APN numbers are 59067

    Property Features for 287 Hwy

    General Information

    Property type
    Land
    Lot Size
    3,092,760 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.3664083
    Latitude
    32.0325459

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    FAQs

    What type of property is this?
    Land - Prime 71-acre industrial tract, excellent location.
    Where is this land located?
    The property is located at 287 Hwy Corsicana, TX.
    What is the asking price?
    The asking price for this property is $2,800,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    287 Hwy Corsicana, TX 75110
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